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"...among the best in real estate professionals.."
"Chip Sutton has been my Buy/Agent on two recent investment property transactions. I first used his professional counsel in January of this year to close on a property that was being hotly contested by 3 competing parties. After a thorough review of the property and his assessment of the market value, we confidently made our bid that ultimately resulted in winning the property which has subsequently become a solid performer. Based on the strong results experienced in January, I came across a property privately listed by the owner. The owner was attempting to "save" by excluding a professional realtor. I felt I needed Chip's advisement and logistical support and consequently contracted, on my own, to obtain his service. Again, Chip's expertise and common sense approach to real estate allowed me to make another very solid addition to my real estate portfolio. While I would strongly encourage anyone looking to either buy or sell real estate to consider enlisting Chip's professional real estate background; part of me selfishly is hoping you'll ignore my recommendation as I'm planning to use Chip again in future real estate transactions. In sum, Chip Sutton is among the best in real estate professionals. I will always consult him whether I'm buying or selling to ensure that I make excellent decisions and that potential pitfalls can be avoided in the real estate transaction process."
"Tim W., Londonderry, NH"
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About Appraisals >Lender Appraisal
Many sellers think that the price of their home is determined solely by what they are willing to accept and what the buyer is willing to pay. However, there is one more variable that can affect the sale of a home assuming that a bank loan is involved -- the lender's appraisal.
To protect the interest of their investors, the buyer's mortgage lender hires a licensed appraiser to give an independent, objective opinion of what the property is worth. The appraiser compares the house with similar homes in the neighborhood that have recently sold. Square footage, amenities and the condition of the home are taken into account. Renovations and home improvements made by the seller usually add value to the home, while defects such as needed repairs or code violations decrease the property's value. The seller's real estate agent can provide the appraiser with up-to-date information about neighboring homes that have sold to support the seller's asking price.
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| Q |
What information does nearly every state in America require the seller of a home to reveal to the buyer?
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| A |
Most states require disclosure of any existing problems or conditions that could affect the value of the house. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERT™ 
